277
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Dec 2024
277 points (86.0% liked)
No Stupid Questions
36055 readers
959 users here now
No such thing. Ask away!
!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules (interactive)
Rule 1- All posts must be legitimate questions. All post titles must include a question.
All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.
Rule 2- Your question subject cannot be illegal or NSFW material.
Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts and joke questions.
Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.
On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.
If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.
Rule 7- You can't intentionally annoy, mock, or harass other members.
If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
Rule 10- Majority of bots aren't allowed to participate here.
Credits
Our breathtaking icon was bestowed upon us by @Cevilia!
The greatest banner of all time: by @TheOneWithTheHair!
founded 2 years ago
MODERATORS
"Land contract".
A land contract starts out similar to a rental agreement. You make fixed monthly payments. If you stay in the home for 3 years, it automatically converts to a private mortgage, and the first three years of "rent" becomes your down payment. If you leave before a year, you forfeit your "security deposit", just like renting. If you leave before 3 years, you gain no equity; again, just like renting.
If you ever do decide to settle down in one spot, you're already well on your way to ownership.
I would solve the rental problem by creating a massive, punitively high tax rate on all residential properties, and issuing an equivalent tax exemption to owner-occupants. A land contract is recorded with the county, much like a deed or a lien, and the buyer/tenant would be considered the "owner" for tax purposes.
Is this actually a thing or are you saying it should be?
Land contracts are an actual "thing". They are legal agreements, recorded in the county register like a deed or a lien. You can buy or sell a home through a land contract right now, if you want. Currently, they aren't particularly common, but they aren't unknown either.
I mentioned how I would like to eliminate rent entirely, by establishing exorbitant tax penalties for people who own multiple residential properties. Land Contracts are how I would meet the needs of people who need the flexibility of a rental arrangement, rather than just buying with a private mortgage.
There is an interesting method of "rent" in use in South Korea that is far less parasitical. I don't know of it being used in the US, but we could adopt it if we wanted. "Jeonse or "Key Money" is where the tenant makes zero monthly payments. Instead, they put down a large deposit. The landlord invests their deposit (there are limitations on what they can invest in), and keeps any interest. At the end of the rental period (usually 2 years) the landlord returns the entire deposit to the tenant. The tenant is protected by taking out a lien against the property. If the landlord cannot or will not return the deposit, the tenant takes ownership of the property.
The Jeonse deposit is typically 50% to 80% of the purchase price of the house, but it can be externally financed if necessary.